Asia shares, S&P futures fall as Trump travel ban, weak GDP adds to U.S. worries
SINGAPORE, Jan 30 (Reuters) - Asian stock markets and U.S. stock futures retreated on Monday after President Donald Trump introduced immigration curbs that …
Paddy storage facility for Sri Lanka’s North, more in pipeline
Jan 30, 2017 (LBO) - Sri Lanka opened a state-run paddy store in Mannar to cater to the Northern region which can store 10,000 metric tonnes at cost of 2.6 …
Sri Lankan rupee steady in thin trade
COLOMBO, Jan 27 (Reuters) - The Sri Lankan rupee traded steady in thin volume on Friday as dollar selling by exporters and inward remittances outpaced demand …
Sri Lanka JKH profits up 32-pct supported by port and shipping sector
Jan 27, 2017 (LBO) - Sri Lanka's John Keells Holdings net profits were up 32 percent to 5.15 billion rupees in the December 2016 quarter from a year earlier, …
Sri Lanka’s foreign debt repayment to go up to USD3.9Bn in 2019
Jan 26, 2017 (LBO) - Sri Lanka's debt servicing will double in 2019 to 3,992 million dollars, the highest debt repayment to be paid by the island in a year, …
Opinion: Should Sri Lanka Adopt Payment Card Industry Data Security Standard?
By Sujit Christy, Director, Information Security Professional Associates (iSPA) During the past few years several data breaches have made global headlines. You …
Asia rises after Dow tops 20,000 for first time, dollar on defensive
TOKYO, Jan 26 (Reuters) - Asian stocks gained early on Thursday, cheered by the Dow Jones Industrial Average breaching past the 20,000-level threshold …
Sri Lanka’s 2016 tea production, exports down, revenue up
Jan 26, 2017 (LBO) - Sri Lanka's tea exports for 2016 totaled 288.7M/kgs compared with 306.9M/kgs during 2015 showing, a decrease of 18.2M/kgs, a tea market …
Govt gives nod for construction of luxury tourist camps in Yala
Jan 26, 2017 (LBO) - The cabinet has approved additional land of 155 perches on 50 year lease basis to construct luxury tourist camps adjacent to Yala National …
Sri Lanka to expedite grid connections for roof top solar: PUCSL
Jan 25, 2017 (LBO) - Sri Lanka's power regulator has directed the Ceylon Electricity Board (CEB) and Lanka Electricity Company Private Limited (LECO) to …
Sri Lanka down 12 notches on corruption index
Jan 25, 2017 (LBO) - Sri Lanka has fallen 12 places to 95th in the Corruption Perception Index (CPI) 2016, when compared with 2015, a report released by …
Aitken Spence Hotels Turyaa Chennai amongst Top Five-Star Hotels in the City
(PRESS RELEASE) - Turyaa Chennai, owned and operated by Aitken Spence Hotels has successfully met criteria for obtaining “5-Star Deluxe” classification, …
Watch the West, Reach Out To The East: Stan Chart Economist
Jan 24, 2017 (LBO) - Sri Lanka should keep a keen eye on the developments in the West, the traditional export markets, but should reach out to the East for …
Former Governor Mahendran “NOT” working at Ministry: Ravi
Jan 24, 2017 (LBO) - Sri Lanka's Finance Minister has denied reports that former Governor of the Central Bank, Arjun Mahendran is attached to his ministry or …
Asiri Hospitals signs MoU with NITF for state sector employee healthcare packages
(PRESS RELEASE) - Beneficiaries of the National Insurance Trust Fund (NITF)’s healthcare services will now be eligible to seek treatment at any hospital …
Dollar falls further in Asia amid trade jitters
SYDNEY, Jan 24 (Reuters) - The dollar hit the skids in Asia on Tuesday as U.S. President Donald Trump's focus on trade protectionism fuelled suspicions …
Over one million Sri Lankans affected by drought
Jan 23, 2017 (LBO) - Sri Lankans have been warned to conserve water and electricity with over a million persons affected so far by drought as crop output …
Dollar slips, Asian shares defensive after Trump’s protectionist address
TOKYO, Jan 23 (Reuters) - The dollar slipped and Asian shares were on the defensive on Monday as worries about President Donald Trump's protectionist policies …
IMF commends Sri Lanka on economic progress made so far
Jan 23, 2017 (LBO) - The International Monetary Fund (IMF) has commended the new strategy of Sri Lankan government to create financial discipline and lead the …
Sri Lanka President to appoint committee to investigate bond scam
Jan 23, 2017 (LBO) - Sri Lanka's President Maithripala Sirisena said he would appoint a commission to investigate and recommend actions for an alleged bond …